Answer Posted / sujata behera
Definition:
Customizing object for posting results from Payroll and data from Personnel Cost Planning and Simulation to Accounting.
Use
Wage types from Payroll ( PY ) are not assigned directly to accounts in Financial Accounting ( FI ), but via symbolic accounts. A number of wage types, which the system should post to a specific account in Financial Accounting, are assigned to a symbolic account in Customizing. The symbolic account’s account assignment type determines the type of posting (for example, posting to expense account, posting to receivable account, posting to payable account). The symbolic account is, in turn, assigned to the account in Financial Accounting . If the account in Financial Accounting is an expense account, it is usually assigned a cost element in Controlling ( CO ). This is used for posting personnel costs (actual data) and for transferring data from Personnel Cost Planning and Simulation ( PA-CP ).
A wage type can be assigned to several symbolic accounts. This is usually the case for wage types that should be posted as both expenses and payables (for example, wage types for the employer’s contribution for social insurance).
Assigning symbolic accounts to accounts in Financial Accounting does not have to be done 1:1. Several symbolic accounts can be assigned to the same account in Financial Accounting. The amounts that are posted via a symbolic account to Accounting can be distributed among different accounts in Financial Accounting due to the employee grouping for account determination (feature PPMOD).
If a symbolic account requires a fixed account assignment for Funds Management (FM) or Grants Management (GM) with the New General Ledger , the feature Setting fixed account assignment grouping for FM/GM (PPNGL) should be read to determine a return value.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Have you faced any situation where you are working on one module and at the same time had to work on a different module. how did you cope with such a situation? Give me an example.(plse answer this question as if you are a junior consultant)
What is processes and organization?
what does a training menu comprised of?
What is the purpose of creating symbolic a/c, what is transaction code for same ? Can we assign one symbolic a/c to multiple wage types ?
What do is landscape in sap project?
Can any one please help in knowing the end to end Payroll process in SAP . Starting from uploading the data of a newly hired employee ,Attandace uploading to, Generating PF,ESI challana ( including the T code, )
In which infotypes the system performs the indirect valuation?
What are the basic object types?
What is time management status ?
What is posting jobs?
What is an Info Type Menu?
What is the purpose of using additional actions infotype (aai)?
hi, these r the ques asked by tcs.. 1.what do sap hr consultants do in 5phases of asap methodology? how u did documentation? 2.Tables you come across in payroll process?n after copying wagetypes in which table they get stored?n table for indirect valuation? 3.wht r the steps u followed to create dynamic actions? wht r the dynamic actions u created? 4.how u do exemptions in indian payroll? 5.wht is igmod? wht is the use of it? 6.where u save payroll results? 7.how u do evaluation path? dont say the configuration path..say the process.. 8.wht configuration u did in OM in implementation? 9.wht r the steps to do hiring action? n on how many actions u have worked?how u configured all those things?
What is the use of organizational key?
Integration between organizational management and recruitment?
